The strategy that I am describing is pretty damned close to DCA, especially since I was doing it on a weekly basis. Let's say, for example, I had a budget to buy bitcoin of $100 per week, and it was for 26 weeks (which would be $2,600 for 6 months). And if the beginning of the week is Monday and the end of the week is Sunday, maybe I might identify a couple of the dips through the week or maybe I would be waiting for dips that did not end up happening, so by the end of the week (Sunday) I would use either the whole $100 or whatever parts were left to buy at that time.. of course, the beginning of the week could be chosen as any day. and each week there was a new $100 authorized, and let's say that I felt that I did not have time to watch the market, so maybe I would just buy or maybe the price opens at $28,500, and I would set my buy order at $27,820, and if the order did not fill by Saturday, then I would just market buy or maybe set the buy order within $50 of the current price so that I have more confidence that it is going to fill before the end of the week.
Those who say they don't have enough money to invest for the long term should do so. We always make short term calculations. If we have the opportunity to invest 50 dollars or more in bitcoin every month, then in the initial stage we will get an idea of what will happen by investing only 50 dollars every month, but if this calculation is made for a long time, then the total amount of the account will increase a lot. We should think twice about every matter one short term and one long term and always give priority to long term calculations. If $50 is invested every month, a person's investment will be $600 at the end of the year. And if that person thinks that he will invest $50 every month regularly for four years then his total investment after four years will be $2400. After four years only his capital will be $2400 and in these four years the market will change a lot and that change will be a positive change but even after the capital of $2400 that investor will get more money as his profit.
You really made some good points about this matter. It is clear now that investment is the best option for people who do not want to continue working even in old age. Bitcoin is a good option to considering for investment and small amount of money invested in it over a long period of time can really grow well. I will apply the DCA method with a part of my earning so that I can plan for my retirement from now because as we get older it becomes more difficult to do some of the work we do now. To avoid regrets, we should all take advantage of the DCA method to buy Bitcoin and hold for the time coming. I believe that Bitcoin will increase more in the future and the value is not going to be diminished.
The amount of money that is invested for a long period of time I think that amount of money works as savings because if not invested the person would have spent 50 dollars more every month.
This is one good thing I love about the DCA method - it makes you save money for the future little by little and those savings can save you in the future. You save the money today, the money save you in the future. The DCA method makes this possible for even small cash earners to build something magnificent for the future. This wisdom developed by the creators of the DCA method is a life changer that people can use to bridge the poverty gap across the world.